Heavy Refurbishment
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Purpose:
Heavy refurbishment, minor development, and conversions to residential units
Maximum loan size:
£3,500,000
Loan term:
1 to 18 months
MAX LTV:
60%
Arrangement fee:
2%
Interest method:
Rolled
Monthly rates from:
0.93%
Charge:
First
Early repayment charge:
Three months’ interest
Other Criteria:
Residential, semi-commercial or commercial. To be classed as semi-commercial, the residential element must account for at least 50% of the value and have separate access.